There is a new idea aloft in our era, one in which we do not
think of our great world dilemmas in terms of politics. For years
we have been telling the politicians to solve our problems, and
yet the crises continually multiply and accelerate in both magni-
tude and speed of recurrence.

As automation eliminates physical drudgery, we will spend more
time in the future in intellectual activity. The great industry of
tomorrow will be the university, and everyone will be going to
school. World society is going to concentrate on regenerating its
capabilities and its wisdom of their employment.

When we talk about wealth today, we are not talking about
money or gold. We went off the gold standard between world
wars. There are still some gold exchange laws and international
trade in which gold is involved, but they are ways of balancing
books and not fundamental. After World War I, Germany dis-
covered it would not, if it paid all its reparations, have the wealth
necessary to rise again, so the agreement was simply abrogated by
the establishment of a new government. The Germans had the
blast furnaces, the iron, the coal and the know-how to make steel,
so they began to make steel. They began to demonstrate what we
really mean by wealth, which is to organize physical capability
and to organize energy. Energy flows around the universe and is
then shunted and canalled into valvability upon the ends of the

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